Sony has launched its own Soneium Blockchain – Ledger Insights

Today Sony Sonium The blockchain was launched after running as a testnet for a few months. Sony sees the Internet as hyper-concentrated, and web3 is able to address that. However, most web3 applications are considered too complex for ordinary users. Thus, it offers three services: the Soneium blockchain, the S.BLOX cryptocurrency exchange, and its own fan marketing platform SNFT.

Sunium Minato com. testnet It has 32 applications from the “Soneium Spark” incubation program. Additionally, developers and creators launched a variety of apps including games, non-fungible tokens (NFTs), social and financial apps with 14 million accounts created and transactions on the testnet exceeding 47 million.

Sony plans to capitalize on intellectual property from Sony Pictures and Sony Music. For example, Japanese customers who purchase titles via Prime Video will be able to download digital collections and access additional videos, presumably using a blockchain wallet.

To develop the network, Sony Network Communications Labs, Singapore In collaboration with Startale Labs as a minority shareholder and the company was renamed to Sony Blockchain Solutions Labs. Startale is the founder of the Astar network. However, Soneium uses a different technology. It is a layer 2 blockchain of Ethereum that uses Optimism, the same underlying chain technology as Coinbase.

To coincide with the launch of Soneium, a cryptocurrency exchange S.BLOXwhich was acquired and renamed by Sony, will launch a new mobile app and offer partial bitcoin giveaways to new Japanese customers.

The company’s current NFT market, Svntwill launch a fan marketing platform in February compatible with Soneium.

Together, Sony believes its three offerings can bring blockchain into the mainstream.